Replies to post #5488 on GE Aerospace (GE)

[RainerRocks]

"John Flannery, the man hired to fix General Electric, inherited a $31 billion ticking time bomb when he replaced longtime CEO Jeff Immelt last year."

"GE have the largest pension deficit among S&P 500 companies"

"But analysts warned that GE's pension liabilities are so large that it could make dismantling the company very messy, if not impossible."

Read the rest of the article here.

http://money.cnn.com/2018/01/18/investing/ge-pension-immelt-breakup/


PS: The worst thing that could've happened to GE the last few days is the rumor of WB getting involved. If not true,or WB decides it's not worth it,and it leaks out he's not interested, it's going to get ugly,expect GE to crash hard and fast.